Tuesday, August 05, 2014


News Links, August 5-6, 2014

## Global Ponzi meltdown/House of Cards ##
Portugal in $6.6 billion rescue of Banco Espirito Santo
WTO failure points to fragmented future for global trade
For Argentina, Default Is Minor; The Real Problem Is Much Worse
Bank of New York-Managed Fund Loses 51% on Argentina Default
Swiss Real Estate Market Inches Closer to Bubble, UBS Says
Russia Sanctions Exact Their Pound of Flesh – from Germany
U.S. chicken farmers latest caught in Russia sanction crosshairs
De-Dollarization Continues: Russian Oligarchs Shift Cash To Hong Kong Dollars On Sanctions Concerns
Greek Bonds Tumble To 2-Month Lows As Troika Gives Up And Goldman Downgrades Periphery
India Snatching Up Swiss Gold, Silver
Car-sharing makes auto industry give way (Australia)
Businesses that encourage people to offer rides are hurting the vehicle sector.
S&P: Wealth gap is slowing US economic growth
Asia's Next Crisis Is a Flood of Debt
Dairy price plunges again in global auction
Egypt's president announces plans for new Suez Canal

## Airline Death Spiral ##
Russia Ponders Russian Airspace No-Fly Zone for EU Commercial and Passenger Jets
Ebola outbreak: BA suspends flights to Sierra Leone and Liberia over virus
Qantas re-routes flights over Iraq safety fears
Qantas creeps forward with engineering job cuts
EU Sanctions Force Russian Airline Flights Suspension
Cathay Pacific cuts back on premium economy seats
U.S. citations against airlines soar
Royal Jordanian airline suspends flights to Iraq on security concerns
US airfares on the rise, outpacing inflation
Air India to shut all city booking offices by Oct 1
When Airlines Worry More About Cargo Than They Do About Passengers
Feds watch airline passengers for Ebola symptoms
Airlines' hidden fees
American scraps first-class meals on some flights

## Fault lines/flashpoints/powder kegs/military/war drums ##
SCO To Admit New Members: Iran, India, Pakistan and Mongolia
Russia staging military exercises near Ukraine- Interfax
The Russian Dog Is Still Not Barking: Washington's Bloody Hands Behind Kiev's Assault On The Donbas
Moscow blocks Polish fruit, veg imports, mulls EU ban
483 Ukrainian Military Tired of War, Seek Asylum in Russia
Flight 17 Shoot-Down Scenario Shifts
Islamic State terrorists claim first stake in Lebanon
Tunneling through triangle of death, Islamic State aims at Baghdad from south
Kurds mustering to fend off Islamic State advance in northern Iraq
Report: US to Give Air Support, Arms to Iraqi Kurds
Cash, Weapons and Surveillance: the U.S. is a Key Party to Every Israeli Attack
White House to announce $14 billion in new deals with Africa
President Barack Obama today will announce more than $14 billion in investments in Africa by U.S. companies as the administration seeks to bolster trade ties with the rapidly growing continent that is already being courted by China.
U.S. export: Central America's gang problem began in Los Angeles
France becoming 'weak link' in European migration control as police warn of 'alarming' rise in illegal migrants
U.S. General Killed in Attack on Afghanistan Base

## Global unrest/mob rule/angry people/torches and pitchforks ##
Thousands Rally to Demand White House End Support of Israeli Attacks on Gaza
Will Labor Uprisings Deter New Restaurant Franchises or Hurt Sales?
Protests in Ebola-hit Liberia as bodies pile up
Liberians blocked major roads across the capital of the Ebola-hit west African nation on Monday to protest against dead bodies being left for days in houses and abandoned in the streets.
Outrage in Colorado over Fracking Betrayal of Top Democrats
UK Activists In Standoff After Occupying Factory Supplying IDF Drone Engines

## Energy/resources ##
Drilling For Shale Gas In The Canyons Of Wall Street: Another Subprime Debt Bust In The Making
That conclusion is, shale is about money, not energy. And as such it is a huge money drain. It's not an asset, it's a sinkhole. As I cited only last week, the US shale industry lost over $110 billion per year over the past 5 years. That's half a trillion dollars down the waste hole. In cheap credit. Who's going to pick up that tab?
New Drilling Largely Driven By Debt
This article takes a different tack, and is worth reading for those interested in oil and gas financing. -- RF
Shale gas bust: Stock Hype On a Wing and a Prayer
More Oil Companies Abandoning Arctic Plans, Letting Leases Expire
So, the Arctic isn't all that it's cracked up to be. -- RF
OMV: Hydrogen is the future fuel choice
People would do well to keep in mind that it takes more energy to produce hydrogen than you get back out. -- RF
Armed with new technology, oil drillers revisit Gulf of Mexico
Iraq, Afghanistan could get Iranian fuel
PetroChina to Seal Takeover of Athabasca Oil Sands Project by End-Sept
Exxon Mobil Prepares To Plunge Deeper Into Russia
Report: 2nd largest Afghan city could go dark when U.S. subsidies end
Residents of Afghanistan's second largest city could go without power when U.S. subsidies for diesel fuel phase out next year, according to a report released Tuesday by the Special Inspector General for Afghanistan Reconstruction.
Keep in mind that a lot of the world's power, especially in developing countries, is generated with diesel fuel. -- RF
Farming reforms offer hope for Iran's water crisis
Brazilian Subsalt Oil
GOLD MINING INDUSTRY: Fuel Costs Explode Over The Past Decade
The gold mining industry literally devours energy to produce an ounce of gold.  In the past decade, fuel consumption at the top gold miners more than doubled, but the actual energy cost grew at a much higher rate.
Russian Lawmaker Wants Oil Deliveries To Minsk Stopped

## Got food? ##
10 things winemakers won't tell you
'Agri-Terrorism'? Town's Seed Library Shut Down
Fruit recall expanded in California over listeria fears
Electronics Giant Panasonic Farms Vegetables in Singapore
Record high bacon prices really are at record highs

## Lifestyle Solutions ##
Why You Should Be Making Pickles With Your Kids

## Environment/health ##
25 Critical Facts About This Ebola Outbreak That Every American Needs To Know
Coral Damage From BP Oil Spill Is Worse Than We Thought
Ebola outbreak: end of epidemic could be in sight, says scientist
2nd American With Ebola En Route To Atlanta
Ebola Drug Made From Tobacco Plant Saves U.S. Aid Workers
Why Big Pharma Probably Won't Cure Ebola
Ebola: Several Britons across the UK quarantined at home after returning from West Africa
Troops Deployed In West Africa Ebola Clinics As 2 More Nigeria Cases Revealed; Saudi Blocks Travelers
Local people preserve the environment better than governments
New York City hospital testing patient for Ebola
It's not just Ohio—poisonous algae blooms now plague 20 US states
Why you should stop buying bottled water
Far more expensive than tap water—and often, no healthier [sic]
Man-made wetlands turn wastewater into tap water
Birds fall from sky amid massive chemical cleanup
Reader Speaks up: Environmental Harm from Fracking
Drug-Resistant Malaria Spreads Across Southeast Asia
'Dead zone' in the Gulf of Mexico is the size of Connecticut
China is finally cutting back on shark fin soup—but it may be too late

## Intelligence/propaganda/security/internet/cyberwar ##
Hillary Clinton's Sorry Record Of Support For Spy State Abuse
US sent Latin youth undercover in anti-Cuba ploy
An Obama administration program secretly dispatched young Latin Americans to Cuba using the cover of health and civic programs to provoke political change, a clandestine operation that put those foreigners in danger even after a U.S. contractor was hauled away to a Cuban jail.
U.S. Continues Testing Surveillance Aircraft in Singapore
A U.S. surveillance plane is joining Singapore's military in exercises as the navy tests the aircraft's capabilities after the Pentagon found it ineffective at some tasks.
U.S. Government Caught Using Humanitarian HIV Program as a Front to Foster Cuban Dissent
Elon Musk: Artificial Intelligence Could Be Worse Than Nukes
Google Play offers 'Bomb Gaza' game that lets you kill Muslim women and children
The Canadian Government Is Now Fully in the Cyberwar Battlefield
Watch This Wireless Hack Pop a Car's Locks in Minutes
Israel Flagged as Top Spy Threat to U.S. in New Snowden/NSA Document
Anonymous Declares Cyber War on Israel, Downs Mossad Site, Many Others
Toughen Up Your Critical Passwords in 4 Easy Steps
U.S. terrorism database doubled in recent years
Russian Gang Said to Amass More Than a Billion Stolen Internet Credentials
A Peek at a Program That Lets Hackers Steal Anything From Your Smartphone
New leaker disclosing U.S. secrets, government concludes

## Systemic breakdown/collapse/unsustainability ##
The Slide to Collapse Is Greased with Self-Interest
Excellent: How Economies Collapse: Systemic Friction and Debt Are Self-Liquidating
What Will It Mean If The Potential Ebola Victim In New York City Actually Has The Virus?
Feces-Clogged Shore Shows Africa Infrastructure Failings
Subaru recalls about 5,000 cars with Takata air bag inflators
Yes, President Obama is right. The 113th Congress will be the least productive in history.

## Japan ##
Toyota dreams of green car future, but tied to gas-guzzler present
Tepco Set to Miss Target for Fukushima Radioactive Water Cleanup
Tepco dumping ice in Fukushima trenches in bid to freeze toxic water
Restart of Sendai reactors unlikely before winter
Japan Sinks Into the Abenomics Abyss (Debt to GDP at 226%, Q2 GDP Likely to Fall 5%, House Prices Continue to Fall)
Japan's monetary base touches another record high
Japan defence paper warns over China's 'dangerous acts' in sea, air
Japan May Pull More Approvals for Solar Projects Behind Schedule
Japan tests facial recognition system at airports
New 'intelligence center' to gather data on foreigners
Food self-sufficiency rate remains at 39%
McDonald's Japan sales down 17.4%
No. of reported child abuse cases exceeds 70,000 in 2013

## China ##
Chinese capital to ban coal use to curb pollution -Xinhua
China says can build what it wants on South China Sea isles
China Services PMI Lowest Since 2005 as Housing Slumps; Manufacturing Expands
Chinese Gold Demand 1063 MT YTD, Total Chinese Reserves Reach 15,000 Tonnes

## UK ##
To Launch Fracking in the UK, Property Owners get shafted
UK Accused of 'Censoring' Torture Report to Hide Own Role in Secret Renditions
Activists complain to IPCC over police efforts to recruit them as informers
Four campaigners lodge complaint with police watchdog that approaches left them feeling intimidated, stressed and paranoid
Home delivery to cost more after diesel charge
The figures behind our antibiotics crisis
New research led by Public Health England shows that the percentage of patients prescribed antibiotics for coughs, colds and sore throats has soared since stark guidelines warning against their routine use

## US ##
Why ETFs may be the biggest bond worry
Declining credit standards among bond issuers may be worrying analysts, but the papers' buyers, especially exchange traded funds (ETFs), could also pose big market risks if liquidity dries up.
New Philadelphia GameStop Policy Requires Customer Fingerprints When Trading In Games
Another Settlement – JP Morgan Receives Slap on the Wrist Despite Years of Fraudulent CFTC Data
GM unit gets subpoena over subprime auto loans
Watch out for the corporate debt bomb
U.S. companies borrow at record levels, that's a disaster waiting to happen
Insurance giants creating massive database of patient records
Meet OIRA – The Secretive White House Office with Disturbing Regulatory Powers
$619 billion missing from federal transparency site
Put Down the Cupcake: New Ban Hits School Bake Sales
Bubble Watch? Meetings in a $400,000 Bentley
Toxic Algae Blooms to Persist on Lake Erie, Experts Say
Poll: No agreement on how to pay for highways
16 million Americans have dropped out of the labor force in the last 10 years: The growth of long-term unemployment, low wage labor, and distorted employment figures.
4 Million Fewer Jobs: How The BLS Massively Overestimated US Job Creation
US is Bankrupt: $89.5 Trillion in US Liabilities vs. $82 Trillion in Household Net Worth & The Gap is Growing. We Now Await the Nature of the Cramdown.
America's SUV addicts are having a major relapse

And finally...
Superman: Defender of Justice But Physics Lawbreaker
D'oh! Would-be robber locked out of bank gets 17 years

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